Yes, he does.
Say person bought options for 0.005
If the share price gets to 0.023 then they exercise their option and buy a share for 0.020, taking the total price to 0.025.
They sell that for 0.023 and they make a loss of 0.002 rather than the full 0.005
Ann: Finance News Network - Interview with C Gale, page-41
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Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $468.9M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $714.1K | 4.286M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 1424370 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2446030 | 56 |
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| Last trade - 14.42pm 17/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |